Owner Operator Insurance Cost Asheboro, North Carolina
JDW Truckers Insurance can answer your questions regarding Owner Operator Insurance Cost Asheboro, North Carolina. We work with the top commercial truck insurance companies and will help you find affordable owner operators truck insurance.
We have a large network of commercial truck insurance companies Asheboro, North Carolina with high AM Best Rating so when JDW Truckers Insurance helps you get your owner operators truck insurance in Asheboro, North Carolina in place you will be insured by a financially stable commercial truck insurance company. This is important for many reasons. Contact JDW Truckers Insurance and our agents will review the reasons owner operators should choose their insurance company wisely. Not all owner operator truck insurance policy are created equally.
We will help you customize your owner operators trucking insurance policy to suit your needs and fit your budget.
From one application we can shop & compare commercial truck insurance rates for the top-rated commercial truck insurance companies for you. We will help you find the required commercial truck insurance coverages at affordable rates.
Here are some of the top 10 commercial truck insurance companies which offer commercial truck insurance quotes.
We know trucking and the commercial trucking insurance requirements
- Knight
- Trisura
- Berkley Prime
- Falls Lake
- Progressive
- Travelers
- Seneca
- Great Lakes
- Allied World
- Allianz
- Ace Hazmat
- ACE Fleet
- United Specialty
- Hudson Fleet
- Markel
- Chubb
- Tokio Marine
- National General
- Lexington
- AIG
- Great American
- ACE / Westchester
- NICO
- National Casualty / Nationwide
- Scottsdale Brokerage
- IAT
- Crum Forster
- Canal
- Northland
- USLI
- James River
- IFG – Burlington
- Penn-America
- Century
- Hallmark
- Carolina Casualty
- Protective
Auto Liability Insurance
- Your auto liability or primary liability will be the major cost for your trucking insurance policy. Although the FMCAS can only require $750,000 in most cases shippers will require $1,000,000 in primary liability insurance coverage before they will allow you to pick up loads.
- Primary liability insurance covers damages to third parties for bodily injury and physical damage to others property in the event of an accident.
Medical Pay
- In most cases this is a low cost add on to your primary liability insurance to cover medical expenses.
PIP – Personal Injury Protection
- Some states require this coverage and, in many cases, can reduce the need for Medical Pay.
- Personal injury protection (PIP), also known as no-fault insurance, covers medical expenses and lost wages of you and your passengers if you’re injured in an accident. PIP coverage protects you regardless of who is at fault.
Uninsured Motorist
- If you’re hit by a driver with no insurance…
- Uninsured motorist bodily injury (UMBI) may pay medical bills for both you and your passengers.
- Uninsured motorist property damage (UMPD) may pay for damage to your vehicle.
Underinsured Motorist
- If you’re hit by a driver with not enough insurance…
- Underinsured motorist bodily injury (UIMBI) may pay medical bills for both you and your passengers
- Underinsured motorist property damage (UIMPD) may pay for damage to your vehicle
Motor Truck Cargo
- MTC or Cargo insurance provides insurance on the freight or commodity hauled by a for-hire trucker. It covers your liability for cargo that is lost or damaged due to causes like fire, collision or striking of a load.
- If your load is accidentally dumped on a roadway or waterway, some cargo forms offer Removal Expenses coverage pays for removing debris or extracting pollutants caused by the debris. And can also pay for costs related to preventing further loss to damaged cargo through Sue and Labor Coverage and legal expenses in the defense or settlement of claims. Another option is Earned Freight Coverage to cover freight charges the customer loses because of an undelivered load.
- Cargo insurance deductibles can be set at $1,000, $2,500, $5,000 or even higher if you are self-insured.
- Cargo coverage limits are normally set at $100,00 but some shippers may have higher requirements depending on the cargo you are hauling.
- Cargo policies can have exclusions stating what cargo it will or will not cover.
Trucking Physical Damage Insurance (PD)
- Physical damage insurance coverages are designed to pay for losses to your equipment and damages to others equipment. (Others equipment must be listed on your policy).
- If you own or lease equipment. You may be required to have PD by bank or leasing company to carry a set amount of physical damage insurance and name them as a Loss Payee.
- PD can also cover damage to others equipment you are in possession of if the coverage is listed on your policy. An example would be non-owned trailer insurance coverage.
- Deductibles for physical damage range from $1,000 to $5,000.
- Required deductibles. If you have a loan on your equipment or it is leased. They bank or leasing company may have a minimum deductible you can have on your physical damage policy.
Excess Liability Insurance
- Excess liability can sometimes be called umbrella insurance.
- The excess liability policy sits on top of your primary liability policy.
- For example, if you have $1,000,000 in primary lability coverage and you have a claim which exceeds the policy limit of $1,000,000. In most cases that is all the insurance carriers will try to pay out for a claim.
- Excess policy coverage starts at $1,000,000 and go up.
- So, let’s say you say you purchased a $1,000,000 excess policy. Now if you have a claim that is $1,500,000. Your primary would pay the first $1,000,000 and your excess would pay the remaining.
General Liability Insurance for Truckers
- General liability insurance for truckers should not be confused with primary liability for truckers.
- Similar to primary liability. General liability offers coverages to pay for physical damage to other and/or bodily injury to others. BUT there is a difference between the two.
- For example, if you are loading or unloading and you cause injury to someone or their property this is when the general liability policy would respond.
- The actions of a driver while representing the insured and on the premises of others, such as loading docks and truck stops
- General Liability is normally offered $1,000,00 per occurrence and $2,000,00 aggregate. What does this mean?
- It the insurance company will pay up to $1,000,000 for any one claim and no more than $2,000,000 per year for the total of all claims.
- General liability can be required by shippers and other companies such as the UIIA and flatbed operations.
- If there is any chance you might be involved in loading or unloading. General Liability is relatively inexpensive and is an advised coverage.
Non-Owned Trailer Insurance vs Trailer Interchange (TI)
- Both are insurance coverages are designed to cover damage to others trailers.
- Deductibles for either can range from $1,000 to $5,000.
- Coverage limits for either can range from $25,000 and up depending on the requirements of the company and/or shipper freight you are hauling for.
The difference between Non-Owned Trailer coverage and Trail Interchange coverage
- Non-owned trailer insurance covers physical damage to the trailer only when attached to a truck. And no written agreement is place.
- Trailer Interchange requires a written trailer interchange agreement to be in place. It can provide protection when you have care, custody and control of one, or many, trailers. Whether the trailer is attached to your truck or not.
Asheboro is a city in and the county seat of Randolph County, North Carolina, United States. The population was 25,012 at the 2010 census. It is part of the Greensboro–High Point Metropolitan Area of the Piedmont Triad and is home of the state-owned North Carolina Zoo.
Asheboro was named after Samuel Ashe, the ninth governor of North Carolina (1795–1798), and became the county seat of Randolph County in 1796. It was a small village in the 1800s, with a population of less than 200 through the Civil War; its main function was housing the county courthouse, and the town was most active when court was in session. Asheboro’s population only began to grow significantly following its connection to railroads: the High Point, Randleman, Asheboro and Southern Railroad first served the city in 1889, followed by the Montgomery Railroad in 1896.
Asheboro emerged as a textile production center in the 20th century with the opening of the Acme Hosiery Mills in 1909. After World War II, the city’s manufacturing sector grew to include batteries, wires and food products. The city’s main tourist attraction, the North Carolina Zoo, opened in 1974.
Asheboro suffered from an economic downturn in the 2000s due to a decline in its traditional manufacturing industries amid increasing competition from overseas; the national news program 60 Minutes described it as a “dying town” in 2012.
The following buildings in Asheboro are listed on the National Register of Historic Places:
According to the United States Census Bureau, the city has a total area of 15.4 square miles (40 km), of which 15.3 square miles (40 km2) is land and 0.1 square miles (0.26 km) (0.58%) is water. Asheboro is known as the center point of North Carolina. Although Asheboro is located in the gently rolling Piedmont plateau region of central North Carolina, far to the east of the Appalachian Mountains, the town and surrounding area are surprisingly hilly. The town lies within the Uwharrie Mountains, a series of ancient ridges and monadnocks which have been worn down by erosion to high hills. As such, Asheboro gives the impression of being in a more mountainous area than it actually is.
As of the 2020 United States census, there were 27,156 people, 10,841 households, and 6,130 families residing in the city.
As of the census of 2000, there were 21,672 people, 8,756 households, and 5,516 families residing in the city. The population density was 1,412.5 inhabitants per square mile (545.4/km2). There were 9,515 housing units at an average density of 620.1 per square mile (239.4/km). The racial makeup of the city was 69.45% White, 12.08% African American, 0.51% Native American, 1.39% Asian, 0.01% Pacific Islander, 7.72% from other races, and 1.80% from two or more races. Hispanic or Latino of any race were 30.9% of the population.
There were 8,756 households, out of which 30.2% had children under the age of 18 living with them, 45.9% were married couples living together, 12.5% had a female householder with no husband present, and 37.0% were non-families. 31.6% of all households were made up of individuals, and 12.8% had someone living alone who was 65 years of age or older. The average household size was 2.40 and the average family size was 3.01.
In the city, the population was spread out, with 24.1% under the age of 18, 10.5% from 18 to 24, 30.7% from 25 to 44, 19.6% from 45 to 64, and 15.1% who were 65 years of age or older. The median age was 34 years. For every 100 females, there were 95.8 males. For every 100 females age 18 and over, there were 93.1 males.
According to Asheboro’s 2021 Comprehensive Annual Financial Report, the top employers in the city were:
In October 2012 Hyosung USA announced the closure of the Asheboro wire plant and loss of 310 jobs. Built by Goodyear and acquired by Hyosung in 2011, the plant makes wires for use in car and truck tires.
Black & Decker Corp was one of the main employers in the mid 1990s; one of its products, the SnakeLight, sold millions after being introduced in late 1994. The plant employed about 1,100 workers in 1998 and was one of the three biggest employers in Randolph County.
Randolph Mall opened in 1982.
Routes include U.S. Route 220 and Interstate 73/Interstate 74, which connect it to Greensboro, U.S. Route 64 bypasses most of Asheboro to the south, while it goes through more of the city limits as a separate business route. U.S. 64 also connects the city to Raleigh, and North Carolina Highway 49, which connects the city to Charlotte.
Asheboro Regional Airport serves general aviation traffic to and from the city. The closest airport with scheduled passenger service is Piedmont Triad International Airport in Greensboro.
Asheboro City Schools operates public schools serving the city.
Fayetteville Street Christian School, located in Asheboro, is the largest private school in Randolph County.
In addition the Randolph County Schools has its headquarters in Asheboro.
Small Fleet Commercial Truck Insurance
Small fleet truck insurance encompasses a large portion commercial truck insurance policies that are written for truckers. You need an agent that understands these markets.
We will explain your options in detail. We answer your questions. How many trucks can I grow to? Can I add and remove trucks? How fast can I swap trucks? Can I have owner operators leased on? How fast can I get a COI?
Small fleet truck insurance pricing starts at 3 trucks. We work with 20 plus commercial truck insurance companies to help you find the best commercial truck insurance rates. Our carriers have high AM Best Ratings.
GET SMALL FLEET TRUCK INSURANCE QUOTES HERE
UIIA Insurance
No matter if you are a seasoned trucking operation hauling UIIA intermodal or you are looking to expand the cargo you are hauling. We have markets to help you either way.
Does your policy have the CA 2317 endorsement? What chassis pools are your working with? If you work with an EP that in not on the UIIA EP list. How is this handled? For example, Direct Chassis. Does your trailer interchange offer the same coverage as non-owned trailer coverage? Do you have the correct blanket AI and WOS endorsements? Do I need workers compensation? Can I work ports and rails? Is there a radius limit? You do not want to buy a commercial truck insurance policy only to find out it will not offer the correct UIIA coverages. Your agent should have a network of commercial truck insurance companies who offer the correct UIIA endorsements on your policy?
New Authority Truck Insurance Quotes
Shopping for the Best Trucking Insurance for New Authority can be task that never seems to end. You get phone call after phone call. And in many cases each agent you speak with may have a different story concerning what type of coverages you need and what is a good price. Chances are most new authorities shop for the best price. You want the least expensive but buying based upon price only could cost you more money in the long run. What if you buy insurance for your new authority based upon price only? Then find out shortly after you have paid your deposit and your policy is in place. The agent who sold you this policy did not tell you the restrictions your commercial truck insurance company has in place. They may not offer coverage for certain types of cargo or may restrict your growth. There are many pitfalls for buying just based upon price. It is good to shop and compare quotes, but do it based upon price and the know the restrictions that maybe enforced by the carrier. Not knowing these restrictions could get your policy cancelled. Or you may have to cancel the policy yourself to get insurance coverage with another carrier. Either way this could put you back to ground zero and cost you money. Talk with an agent at JDW Truckers Insurance who will help you shop for the best price with the correct coverages.
